Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the answer of 20 April 2026, to Question 124688, on Business Rates: Tower Hamlets Council, whether JP Morgan has been offered business rate discounts or relief by HM Government in relation to its offices in Canary Wharf, including via the designation of an Enterprise Zone.

HM Government, with local authorities, has signed an MoU with JP Morgan. Subject to certain conditions, this sets out arrangements for the provision of business rates relief in connection with JP Morgan’s new tower development in Canary Wharf, through the establishment of a business rates retention zone.